Post by
kiskadog on Aug 11, 2011 11:19am
8.3 g/t gold and 9.1 g/t gold
Pinestar Gold Provides Exploration Update on Becker Property in Chile
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - Pinestar Gold Inc. (TSX VENTURE:PNS) ("Pinestar" or the "Company") is very pleased to have completed its initial 1,700 metre reconnaissance drilling program on the Guindos section (in the northern part) of the Becker property, in Chile. As reported in the Company's May 27, 2011 news release, channel sampling on the Guindos vein systems returned highs of 8.3 g/t gold and 9.1 g/t gold over 2.5 and 6.0 metres respectively. The vein system at surface varies between 5 and 30 metres wide and contains individual veins from 1.5 metres to 10 metres in width, and can be traced over strike lengths of 200 to 600 metres.
The next stage of exploration at the Becker property involves opening up a small roadway into a forested area, which will allow access to the Lajuelas section, located in the southern part of the property. The surface sampling and showings in this area appear to be very attractive, however this area has not yet been subject to a drilling program.
The road is expected to be completed in the later part of August. The Company then intends to proceed with a new phase of reconnaissance drilling on the Lajuelas sector, which the Company anticipates will include up to 4,000 metres of drilling. If the reconnaissance drilling produces positive results, this phase will be followed up by a definitional drilling phase to establish the potential of the Becker property.
The Company's CEO, Jeremy Ford, stated "We are very encouraged by our early surface work in the Lajuelas section. We had some delays in getting onto this part of our property, but are now very much looking forward to starting to drill what we feel may be the most prospective area on the Becker Property".